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Admicom

41.85 EUR

-2.67 %

7,233 following
Corporate customer

ADMCM

First North Finland

Software

Technology

-2.67 %
-2.90 %
-3.13 %
-10.29 %
-17.13 %
-19.05 %
-2.67 %
-61.61 %
+291.12 %

Admicom operates in the IT sector. The company develops cloud-based services that mainly concern administration, accounting, payroll and project management. In addition to its main business, it offers training and customer support. Its customers are small and medium-sized corporate customers, with the largest operations in construction and industry. The head office is located in Jyväskylä.

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Market cap
210.07M EUR
Turnover
298.54K EUR
P/E (adj.) (26e)
19.48
EV/EBIT (adj.) (26e)
14.66
EV/S (26e)
4.75
Dividend yield-% (26e)
0.96 %
Coverage
Recommendation
Buy
Target price
55.00 EUR
Updated
2026-01-21
Disclaimer
Atte Riikola
Atte Riikola

Analyst

Latest research

Latest analysis report

Released: 2026-01-21

Latest extensive report

Released: 2026-01-16

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
17/3
2026

General meeting '26

14/4
2026

Business review Q1'26

8/7
2026

Interim report Q2'26

Risk
Business risk
Valuation risk
Low
High
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Admicom Capital Markets Day 2025
Webcast

Admicom Capital Markets Day 2025

Admicom’s Capital Markets Day will be held on December 2, 2025 at 10 a.m. EET. In the event we will discuss our strategic development and direction for the future.

Admicom
Forum discussions
The largest growth investments were already made during 2023–2024, when additional staff was recruited for practically every area of the organization. For the most part, these were done to enable the next growth leap and internationalization. However, it was also necessary to invest...
1/21/2026, 3:38 PM
by Atte Riikola
26
Should these investments be visible on the income statement elsewhere than just the personnel line? Other operating expenses (e.g., marketing, staff training, machinery and equipment purchases) were LOWER than in 2024. You’d think there would be an increase specifically in these ...
1/21/2026, 8:09 AM
by BoomDriver
23
@Atte_Riikola, can you shed some light on these “investments” by Admicom that are cited as the reason for weakened profitability during the current financial year? The CEO says: “Regarding profitability, we reached our targets, and adjusted EBITDA was 12.3 million euros, or 32.5%...
1/21/2026, 6:41 AM
by JNivala
22
The headline summarizes the case. Once the construction slump eases, Admicom is a good investment. Of course, the stock market is already sniffing out this turnaround a bit. Inderes Admicom on hyvä sijoitus, kun rakennuslama päättyy - Inderes Aika: 22.01.2026 klo 14.09 Rakennusfirmoille...
1/22/2026, 1:10 PM
by Verneri Pulkkinen
17
It remains to be seen how growth will develop in the coming years. As a user of the system, I have been wondering how the long recession in the construction industry and the resulting market changes will affect Admicom’s operations. In my opinion, the system is most beneficial if...
1/21/2026, 7:19 AM
by Mikko
17
Atte has written a new extensive report on Admicom; as usual, this extensive report is available for everyone to read, so there are no paywalls. We reiterate our buy recommendation and target price of EUR 55.0 for Admicom. In recent years, Admicom has been building its growth foundation...
12/19/2025, 6:43 AM
by Sijoittaja-alokas
15
Inderes ADMICOM OYJ:N TILINPÄÄTÖSTIEDOTE 2025: VAHVA KANNATTAVUUS, MUTTA LOPPUVUODEN... ADMICOM OYJ YHTIÖTIEDOTE 21.1.2026 KLO 8:00 Järjestämme sijoittajille ja analyytikoille englanninkielisen infotilaisuuden Admicomin Q4:n tuloksesta 21.1.2026 klo 10.00 EET. Voit rekisteröity.....
1/21/2026, 6:06 AM
by Montau
8
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